Latin AmericaLatin America
Venezuela tightened currency-exchange controls this week cutting in half the amount of dollars that residents may obtain through the government to send to relatives abroad according to Official Gazette.
The United States government said it was satisfied with the resolution which revoked OAS sanctions on Cuba, but warned that it’s “not contemplating” for the moment talking about an end on the half century embargo on the Havana regime.
Cuban National Assembly president Ricardo Alarcón said on Thursday that the decision of the Organization of American States (OAS) to lift Cuba's exclusion is a great victory for Latinamerica and the island, although he reiterated that the Castro regime will not return to the institution.
A newly released yearly ranking of the best business schools in Latinamerica conducted by América Economia Intelligence placed six Chilean Universities among the top 20.
Hundreds of Cuban entities and state-run companies were sanctioned when a drastic government plan to save energy entered into force, according to reports in the official media.
General Motors operations in Latinamerica, Africa and the Middle East remain as strong as ever in spite GM Corp. filed in the US for bankruptcy protection this week, a top official from the company said.
A herd of wild buffalo has become a nightmare for peasants in the western Cuban province of Pinar del Rio because the beasts are invading and devouring their crops of tobacco and vegetables, reports the Communist Party daily Granma.
The Organization of American States, OAS, lifted its 47-year suspension of Cuba on Wednesday following a consensus agreement which contemplated Washington’s position and those of the Havana regime supporters who wanted a return with no conditions.
United States Secretary of State Hillary Clinton says no consensus has been reached on re-admitting Cuba to the Organization of American States, which suspended the country in 1962 in response to its alliance with the Soviet block in the midst of the Cold War.
The number of people without jobs is rising across the European Union and has reached 21 million. The EU statistics office, Eurostat, said Tuesday the unemployment rate for the 16 Euro countries soared to 9.2% in April, the highest in a decade.